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Chart: China Unemployment Rate Surged in April 2022

China’s urban unemployment rates surged in April with multiple indicators hitting two-year highs as Covid lockdowns slowed economic activity in many regions.

The surveyed urban unemployment rate, which measures the number of unemployed job seekers over the age of 16 against a sample of the population, came in last month at 6.1%, 0.3 of a percentage point higher than the March reading, data released Monday by the National Bureau of Statistics show. The figure marks the highest since February 2020, when Covid-19 raged across the country.

The April surveyed urban unemployment rate for 16- to 24-year-olds hit the highest in available data going back to January 2018, climbing to 18.2% from 16% the previous month.


Source : Caixin

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